Reinsurance News
Mergers & acquisitions news
Reinsurance mergers and acquisitions news, covering details of M&A transactions in the works and completed, between insurance, reinsurance and related companies.
China Re completes acquisition of Chaucer
31st December 2018
China Re has successfully completed its previously announced acquisition of the holding company of Chaucer, the London-based and Lloyd's focused specialty re/insurance business of The Hanover. The transaction was valued at around $950 million, made up of a cash consideration of $865 million paid by Hong Kong listed China Re, ... Read the full article
Enstar completes purchase of Maiden Re North America
28th December 2018
Bermuda based re/insurance, run-off and legacy transaction specialist Enstar Group Limited has announced that it has completed its acquisition of Maiden Re North America from a subsidiary of Maiden Holdings. The net consideration paid in the transactions was $272.4 million, which represents the adjusted purchase price less the ceding commission. Domiciled in ... Read the full article
Nexus completes acquisition of Hiscox Global Flying
27th December 2018
Specialty Managing General Agent (MGA) Nexus Group has completed the acquisition of Hiscox Global Flying (HGF) via an asset purchase into Millstream Underwriting Limited, a Nexus Group company that specialises in Accident & Health and Travel insurance. HGF, which was bought by Hiscox in 2006, has provided insurance for aviation professionals ... Read the full article
TowerBrook Capital acquires Orchid Underwriters Agency
24th December 2018
International investment management firm TowerBrook Capital Partners has announced the acquisition of Orchid Underwriters Agency, a specialty underwriter of catastrophe-exposed property insurance, from private equity firm Gryphon Investors. Orchid provides proprietary insurance solutions for “hard-to-place” risks to a growing, national network of retail agents and other strategic distribution partners. Orchid President and ... Read the full article
London re/insurance broker Miller completes Alston Gayler and Co acquisition
21st December 2018
Miller Insurance Services LLP, a London wholesale and specialist re/insurance broker, has completed the acquisition of Alston Gayler and Co. When first announced in October, Miller stated that the acquisition of AG - an independent London market insurance and reinsurance broker specialising in multiple business lines - bolsters its offering to ... Read the full article
Swiss Re takes further investment in ReAssure from MS&AD
20th December 2018
Global reinsurance firm Swiss Re has taken a further minority investment from insurance holding company MS&AD into ReAssure, taking the Japanese firms stake to 25%. MS&AD Insurance Group Holdings Inc (MS&AD) already holds around 15% of the shares in Swiss Re's UK closed life book consolidator ReAssure, having bought into ... Read the full article
Japan Post to acquire 7% stake in U.S insurer Aflac
19th December 2018
Japan Post Holdings, the Tokyo-headquartered postal and financial conglomerate, has announced that it plans to acquire a 7% stake in U.S supplemental insurance provider Aflac Incorporated. The company, which is majority-owned by the Japanese government, said that it will acquire 7% of Aflac’s outstanding shares through a trust. Reuters reported last week ... Read the full article
Combining Marsh, JLT talent a chance to deliver greater value to clients: Marsh CEO
19th December 2018
Global re/insurance broker Marsh has revealed a slew of new appointments as the organisation's parent, Marsh & McLennan Companies, prepares for its acquisition of JLT, with Chief Executive Officer John Doyle stating that the combination of Marsh’s and JLT’s capabilities and colleagues is an “exciting opportunity to deliver greater value ... Read the full article
European Commission approves China Re’s acquisition of Chaucer
19th December 2018
The European Commission has approved China Re’s previously announced acquisition of Chaucer, concluding that the deal does not give rise to any competition concerns. The EU governing body explained that the proposed transaction may entail “horizontal overlaps between the companies’ activities,” but would ultimately raise no competition concerns given the ... Read the full article
InsurTech developers Prima Solutions and Effisoft complete merger deal
19th December 2018
InsurTech software developers Prima Solutions and Effisoft have completed a merger deal as part of a growth strategy to accelerate their development in the property and casualty (P&C), health and personal protection re/insurance markets. Prima Solutions and Effisoft claimed that their consolidation will produce one of the largest and most comprehensive ... Read the full article
EPIC Holdings to acquire U.S operations of Integro
18th December 2018
EPIC Holdings, Inc. has announced that it plans to acquire Integro Holdings Inc., the company that houses all the U.S operations of international re/insurance broker and risk management firm Integro Group Holdings, LP. The transaction, which is expected to close in January 2019, will see EPIC benefit from the addition of ... Read the full article
BTG Pactual completes acquisition of Lutece Re
14th December 2018
BTG Pactual, the largest Latin American investment bank, has completed the acquisition of Lutece Re, a boutique fund manager specialising in reinsurance risk. As a result of the deal, Lutece Re has integrated into BTG Pactual Asset Management, the global asset management division of the firm. Lutece Re was founded by industry ... Read the full article
Gallagher Bassett acquires PCMS, boosting size & offering in UK
13th December 2018
Multiline claims services provider Gallagher Bassett has acquired Property Claims Management Services Limited (PCMS), boosting its size and offering in the UK. Staffordshire-based PCMS provides property claims management services to insurers and commercial third-party claims administrators. The service delivery team covers the full range of perils including escape of water, fire, flood, ... Read the full article
R&Q’s $80.5m purchase of Global Re U.S delayed until early 2019
12th December 2018
The expected completion date of Randall & Quilter Investment Holdings’ acquisition of Global U.S Holdings Incorporated has been pushed back by the company. The $80.5 million deal, first announced on 19 September 2018, was expected to be tied up by the end of the year. While the acquisition is conditional upon regulatory ... Read the full article
Aspen shareholders approve acquisition by Apollo
11th December 2018
The shareholders of Bermuda-headquartered Aspen Insurance Holdings have approved the company's acquisition by funds under management of Apollo Global Management. Aspen held a special general meeting of shareholders regarding the merger agreement, and has announced that all of the resolutions put forward at the special general meeting were approved by the ... Read the full article
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